The base metals were all mired in the red on Monday. Copper was in the green until the late pre-dawn hours, but fell off the rest of the day, only coming slightly off its intraday lows to finish at $1.6186/lb., down 2¼ cents from Friday.

Early this week, we introduced the idea of buying the ABCs – Australia, Brazil, and Canada – as a way to own commodities for the long term. Several DailyWealth readers wrote to ask, “Great… but what about Russia?”